Nielsen Holdings plc (NYSE: NLSN) announced its fourth-quarter and full-year 2019 results.
For the full year, revenues decreased 0.3% on a reported basis and increased 1.7% on a constant currency basis, which was above guidance, with Adjusted EBITDA, Adjusted EPS and Free Cash Flow all in line with guidance. Nielsen also issued 2020 guidance, which is consistent with the medium-term growth framework communicated in November 2019.
Fourth-quarter revenues were $1,691 million, up 2.0% on a reported basis, or 2.7% on a constant currency basis, compared to the prior year.
Net loss for the fourth quarter was $109 million, compared to net loss of $952 million in the fourth quarter of 2018. Net loss per share on a diluted basis for the fourth quarter was $0.31, compared to net loss per share on a diluted basis of $2.68 for the fourth quarter of 2018.
2019 revenues were $6,498 million, down 0.3% on a reported basis, or up 1.7% on a constant currency basis, compared to the prior year.
Net loss for the year was $415 million, compared to net loss of $712 million in 2018. Net loss per share on a diluted basis was $1.17, compared to net loss per share on a diluted basis of $2.00 in 2018.
CEO David Kenny commented, "2019 was a year of tremendous change and progress at Nielsen and I'm extremely proud of the way our teams executed. We delivered solid results and achieved or beat the goals we set out for 2019."
Nielsen shares began Thursday down $1.44, or 7.1%, to $18.85.
